MANY COUNTRIES AIM TO IMPROVE THEIR LIVING STANDARD BY ECONOMIC DEVELOPMENT, BUT SOME IMPORTANT SOCIAL VALUES ARE LOST AS A RESULT. DO YOU THINK THE ADVANTAGES OF ECONOMIC DEVELOPMENT OUTWEIGH THE DISADVANTAGES?

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Economic advancement is used as a tool for improving living standards by numerous nations, which results in the loss of social values. Personally, I believe that the advantages of economic improvement are more as compared to its disadvantages. On the one hand, the rise in economic evolution makes people more extravagant, they spend a lot, which put a financial burden on their lifestyle.
Moreover
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,
this
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factor
also
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contributes to consumerism, and it is not good for the environment. So, economic improvement put negative effects on humans and the environment.
On the other hand
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, the rise in income of people benefits them in many ways. The
first
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and foremost is that it assists them to raise the living standard and fulfil all their demands and needs.
In addition
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, not only can communities use the income to provide quality education to their children, but they can
also
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contribute to the overall growth of the country, which builds the status of their respective country.
For instance
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, in America, the average income of people is more as compared to Asian countries that are the reason the currency rate of that country is more as compared to other nations.
Therefore
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, it is apparent that economic progress is a vital factor for the increase of individuals as well as countries. In conclusion,
although
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evolution in the economy put some detrimental effects on the nation, I think that its result is more fruitful, which are indeed too great to ignore. So, these kinds of development should be taken into account by considering the drawback of
this
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progress.
Submitted by Er.raman4 on

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    • Sentence 2 - Detailed background statement
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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Topic Vocabulary:
  • standard of living
  • economic development
  • quality of life
  • infrastructure
  • healthcare
  • education
  • job opportunities
  • unemployment
  • poverty
  • technological advancements
  • innovation
  • traditional cultural values
  • social bonds
  • material wealth
  • consumerism
  • social inequality
  • environmental conservation
  • wealth gap
  • vulnerable groups
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